1,978 Shares in UMB Financial Co. (NASDAQ:UMBF) Bought by MML Investors Services LLC

MML Investors Services LLC purchased a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,978 shares of the bank’s stock, valued at approximately $208,000.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of UMB Financial during the third quarter valued at about $26,000. Covestor Ltd lifted its position in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial during the 3rd quarter worth approximately $83,000. Acropolis Investment Management LLC acquired a new stake in UMB Financial during the third quarter worth $156,000. Finally, Heritage Family Offices LLP bought a new stake in UMB Financial in the third quarter valued at about $203,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF stock opened at $115.96 on Friday. The business has a fifty day simple moving average of $118.40 and a 200 day simple moving average of $103.69. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.66 billion, a P/E ratio of 14.50 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same period in the previous year, the firm posted $2.02 EPS. On average, sell-side analysts forecast that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s payout ratio is 20.00%.

Insider Buying and Selling

In other news, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,603 shares of company stock valued at $8,353,950. 8.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada began coverage on UMB Financial in a research note on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price for the company. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Morgan Stanley began coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, Citigroup assumed coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

UMB Financial Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.